Autumn Statement at a glance

Dec 5 2012 By Cheryl Mullin

WELFARE

• Most working age benefits - including Jobseeker’s Allowance, Employment and Support Allowance and Income Support - to be uprated by 1% for the next three years.

• Child benefit is to rise by 1% for two years from April 2014.

PENSIONS

• The basic state pension is to rise by 2.5% next year to £110.15 a week.

• The tax-free allowance for pensions is to be cut from 2014/15 from £1.5 million to £1.25 million over a lifetime. Annual allowance is to be cut from £50,000 to £40,000, saving £1 billion.

FUEL

• The planned 3p-per-litre planned rise in fuel duty has been cancelled.